Smart Contracts on a Blockchain facilitate, verify, or enforce the negotiation or performance of a contract. They allow the performance of transactions without third parties.
Massive volumes of antiquated processes clog today’s trade and trade finance systems. Blockchain Facilitates Trade Finance by digitizing these antiquated processes.
Blockchain can solve many of the problems plaguing today’s supply chains. With blockchain in the equation, supply chain items and processes can be easily tracked.
Decentralization and Tokenization on the Blockchain
“Decentralization on a Blockchain enables the sharing of information without compromising security and without a central authority. It is a powerful way to introduce trust.”
Tokenization is the process of representing a traditional asset on the blockchain. A tokenized asset can be instantly and directly transferred between parties, with ownership recorded on a distributed, universally accessible ledger. This drives down transaction costs, deepens liquidity, and opens asset classes to new groups of investors